How To Re-Organize Society From the Top to the Bottom Chapter 13: New Chapter Each 
Day

Well lets take a look at how society is organized and how it can be changed to benefit the many, not the few.

The basis of current inequality in our society stems from the super rich dominating politics, dominating corporations, dominating individuals from work to political, and into most social settings.

 
Their power here stems, partially, from their ownership of property and the political power it allows them to wield.

Socialism seems a direction which many recommend to us. But the various brands of socialism does not seem to deal with the heart of the problem-that is the ownership of private property, and the process where by public property is now rapidly being transformed into private property. This Neo-Liberalism philosophy is dominant is society today and there are only a few ideas about how to deal with it.

One of the most promising ideas are put forth for our examination in the book “Radical Markets.”

 “Imagine a world in which all major private wealth (every factory, patent or plot of land) is constantly for sale at a fair price and where most of the value of this property is paid out equally to all citizens as a social dividend.”

{Actually we have a similar system in place in Alaska where their oil reserves are divided out as dividends for its citizens. A similar system is in place in North Dakota where the mechanism is a state bank where loans, mortgages are extended with no interest, no profit motive and where any proceeds are placed in the state treasury for public use.”

How exactly would these "radical markets" work and how would they be different from what we currently have?

 ”While one might be tempted to believe the wealthy would dominate such a hyper-market world, in fact most private wealth would become social wealth and would be shared equally by all. With most value of assets accruing to the public, every asset would become cheaper to (partially) own, democratizing the control of assets and offering everyone new opportunities to start businesses or households.” 

To see link:

Paste this link in your browser and it will take you to site.
http://radicalmarkets.com/chapters/property-is-monopoly/

"We propose a new property system, called the Common Ownership Self-Assessed Tax (COST), that would make such a world come true . Every citizen and especially corporation would self-assess the value of assets they possess, pay a roughly 7% tax on these values and be required to sell the assets to anyone willing to purchase them at this self-assessed price. This tax would raise enough revenue to eliminate other taxes on capital (such as on inheritance, corporations, capital gains, property and so forth), significantly reduce income taxes and pay down much of public debt, while at the same time funding a large social dividend (of roughly $24,000 for a family of four in the United States) or funding critical public infrastructure. At the same time, unlike most taxes, it would actually grow the economy by 5%. Beyond these economic benefits, a COST would create a healthier relationship to property, teaching us to detach from our material possessions and stop trying to exploit one another in commercial transactions, instead seeking to increase the value of common wealth and strengthening the bonds of community. And while such a dramatic change may seem like a speculative pipe dream, it is a natural way, even in the near-term, to govern public resources like the radio spectrum."

We will pause to evaluate this model for turning private property into a property that would have a public benefit.

But first here are some problems that this model appears to solve:

Monopolies happen when individuals or corporations are allowed to form monopolies in various economic activities. They would be required to sell these properties once a price equal to or exceeding what they are asking for that property or privilege.
Monopoly is avoided with this mechanism and allows for new entrepreneurs to enter a field.

Next time lets examine this idea more closely.

See:

Paste this link in your browser and it will take you to site.

Glen Weyl: "Radical Markets: Uprooting Capitalism & Democracy for a Just... https://youtu.be/uj186urDU8c  via .YouTube